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Make sure your ring is covered the right way...

An engagement ring is one of the most important and valuable purchases you will ever make, so you will want to ensure it’s properly protected with a good quality insurance policy. At Assetsure, we have a policy that has been specially designed to insure single precious items and cover is securely underwritten at Lloyd’s of London and administered in the United Kingdom.

Engagement Ring Insurance for a single item

Unlike most insurers, we are quite happy to provide insurance for single items of jewellery on their own and we won’t insist you insure the rest of your home with us. We realise that owners are often people who are just setting up home or perhaps still living with parents or in rented accommodation or with little other contents that require covering, thus cover for a single valuable object is all that is required.

Our policy is ideal if you are in this situation and only want to cover just one item. On other occasions, especially if an item has acquired a new valuation, the ring falls outside the monetary limits of a standard home insurance policy and if you find yourself in this situation, we should be able to assist you with cover. Get an engagement ring insurance quote with us today.

We may be unable to restore the sentimental value of a precious item, but we can provide engagement ring insurance protection to compensate you for your loss by quickly providing a replacement.

We are based in the UK and our policies are designed for persons that are normally resident in the United Kingdom, we provide worldwide all risks cover with no restrictions on how many trips abroad you can make (maximum duration of any one trip is 60 days).

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Insurance cover especially designed for Engagement Rings

The biggest fear with engagement rings, is that the settings will become loose and the stone will be lost, the diamond forms the bulk of the value in the ring and our policy will cover the actual physical loss of the diamond. In the event of a claim, we will endeavour to obtain a diamond that is as close to the original as possible.

What does our engagement ring insurance cover?

  • Loss of stones or diamonds
  • Accidental Loss of the ring
  • Accidental damage
  • Theft
  • Cover in the UK and abroad (maximum duration of any one trip is 60 days)
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Some of the features of our policy are as follows;

Worldwide All Risks Insurance

We provide physical loss or damage for your engagement ring or other items of jewellery on a worldwide basis. Essential cover as settings can work loose and stones become lost. Not limit to the number of trips abroad that can be made of up to 60 days maximum duration per trip

No Excess

If you have to make a claim under your policy, we do not deduct any excess for specified items

Specified Items

We will provide you with a schedule of insurance specifying your ring. If you have other items of jewellery, we will be pleased to add them on as well.

No bonus to lose

By insuring your engagement ring separately with us, you can help protect any valuable no claims bonus earned under your home insurance policy.

A variety of payment options

We accept all major credit and debit cards and monthly direct debits.

Money back guarantee

So confident are we in our policy, we will even give you a full 30 days to review our policy wording and change your mind if you are not satisfied.

Dealing with Assetsure couldn’t be simpler and your precious item ring can be covered quickly and efficiently by making one quick call or completing our web enquiry form. If you have any questions or simply require some advice, we will also be pleased to hear from you.

We've got you covered...

Accidental Loss

We’ve got you covered if you mis-place or accidentally lose your jewellery.
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Accidental Loss

Engagement Rings can easily be lost

Most losses of jewellery occur away from the home, either the whole ring or one of its components such as a diamond.

This can be distressing when it happens and whilst we can’t replace sentimental value, our in-house claims team will work with you to quickly replace the item as close to the original as possible.

Loss of stone

Precious stones get lost our cover ensures you can replace it if it’s lost.
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Loss of stone

We cover all stones in a ring

Over time stones in a ring can work loose and if they fall out, they are easily lost.

We cover all stones in your ring including smaller ones set on the shoulders or within the band. There is no excess to pay either so items are replaced without deduction.

Rings valued over £10,000 will need to have their settings checked every 2 years from the date you take out the policy with us or this will not be covered. You can choose any jeweller to carry out this check and many will clean the item for you at the same time.

Accidental Damage

Accidents happen, we ensure that your item can be repaired or replaced.
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Accidental Damage

Stones and Precious Metals can be damaged.

With any item you would expect natural ageing, wear and tear but sometimes more serious damage can occur.

Whilst Diamonds are arguably one of the hardest naturally occurring substances found on Earth, they can surprisingly be damaged quite easily, particularly if the shape is an unusual one such as in the case of pear shaped diamonds.

Claws and settings can also become damaged and broken and a “No Excess “policy from Assetsure will pay for repairs.

Worldwide Cover

Giving you the peace of mind that you can travel and still be protected
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Worldwide Cover

Travel the world and be protected by Assetsure

We insure UK residents jewellery anywhere in the world, we have no country restrictions and there is no need to tell us of your travel plans. You can travel as often as you like providing no one trip is over 60 days in duration.

Your Jewellery will be insured at Lloyd's’ of London the internationally recognised insurance market. Starting in 1688, Lloyd’s has been a pioneer in insurance and has grown over 330 years to become the world’s leading market for specialist insurance such as Jewellery

Theft

Unfortunately items get stolen, we make sure you are covered if the worse happens.
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Theft

Thieves may also admire your Engagement Ring

Your precious items are not just attractive to you. Thieves also find them highly desirable especially as they are portable and quite easy to sell on.

With an Assetsure policy you’re covered both at home and away from home including having items stolen whilst you are wearing them. No need to inform us of your Travel plans either as we cover unlimited overseas travel providing no one trip is over 60 days in duration.

When away from home, your engagement ring must be worn , kept under your close personal control or kept in a locked safe.

if there is a Theft from your home, there will need to be signs of a break-in for a claim to be valid. For items valued over £10,000, we will require you to keep the item in a safe when not being worn.

Find out what makes our cover different...

Why we stand out...

We are a specialist jewellery insurer with an extensive network of trusted jewellers across the UK that we use to repair / replace your item on a like for like basis

Premium protection promise

Premium protection promise

We value our customers. Your premium will not be loaded next year if you make one claim under £500. We reward loyalty and will guarantee if you find a cheaper renewal quote we will match it.

In-house claims service

In-house claims service

Our sales office is open 7 days a week making it easier to report your claim. We are a dedicated, friendly and efficient team who's sole aim is make your claim experience hassle free and easy

30 day money back guarantee

30 day money back guarantee

We are so confident in our product that we will give you 30 days to change your mind for a full refund, rather than the generic 14 days given by most. Even if after the 30 days is up, if you decide our policy is not for you, we will refund you all of the insurance you haven't used.

Treating you fairly...

We will not charge you any additional admin fees to make amendments to your policy or to cancel. We won't use enticing introductory offers to draw you in as we believe the price should be good from the start.

We are so confident in our product that we will give you 30 days to change your mind for a full refund, rather than the generic 14 days given by most. Even if after the 30 days is up, if you decide our policy is not for you, we will refund you all of the insurance you haven't used.

Start here. Get a quote for your first item now…

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Your Questions Answered

How does engagement ring insurance work? icon-thin-chevron-down

Engagement ring insurance works just like any other insurance with Assetsure. We are able to provide cover the same day that you request a quote. Use our online calculator and you can start the process to obtaining your insurance today.

Are there any Age restrictions? icon-thin-chevron-down

The Assetsure Insurance policy is available to persons over the age of 21

When will I receive my policy? icon-thin-chevron-down

Your policy will be delivered instantly by e-mail. Cover will start from the date you request

How long does it take to arrange insurance? icon-thin-chevron-down

In most cases, we can provide cover the same day that you request it, simply use our calculator and you can buy the insurance online immediately. In cases where we cannot quote online, we endeavour to provide you with a quotation within 24 hours during the week.

Is there any excess to pay following a claim? icon-thin-chevron-down

The policy has no excess to pay following a claim

If I lose a stone will I be covered? icon-thin-chevron-down

Sometimes a stone drops out of a ring and cannot be located, this will be covered by the policy

How much should I insure my Engagement ring for? icon-thin-chevron-down

If you, unfortunately, lose your engagement ring, we will have to replace it for you and thus it is very important to make sure that your ring is insured for the full replacement value.
The maximum amount that we pay to replace a ring will be the sum insured you choose and this amount will be stated on your schedule of insurance.

With new rings, the purchase price with often be adequate, if the purchase was made from a high street retail outlet. However, if the item was on sale you will have to obtain the true price of the item and insure for that amount.

If you have obtained the engagement ring from a jewellery area such as Hatton Garden in London where they specialise in providing jewellery at discounted prices, you will need to ask the supplier for a valuation as the purchase price will probably not reflect the replacement cost.

How much does engagement ring insurance cost? icon-thin-chevron-down

The cost of engagement ring insurance depends on a number of factors but in simple terms, the more your engagement ring will cost us to replace, the more the insurance will cost.
By entering your details, into our online engagement ring insurance calculator, you will quickly be able to discover how much we would charge you for an annual policy. If you want to buy a policy online, you can pay in one go by credit or debit card. We can also offer instalments over 12 months.
Engagement ring insurance from Assetsure covers loss or damage and is underwritten at Lloyd’s of London.

Is a lost ring covered by insurance? icon-thin-chevron-down

That depends on the type of insurance that you buy. A policy from Assetsure is issued on an “All- risks” basis, which means that accidental loss is covered. The policy will cover not only the loss of the ring in its entirety but also the loss of any stones contained within the ring.
With such a valuable possession it is always a good idea to have the settings checked every couple of years as with items that are worn every day, settings can work loose and whilst insurance can replace lost stones, we cannot of course replace any sentimental value.

Will I be covered if I take my ring abroad? icon-thin-chevron-down

A policy from Assetsure will cover your ring on a worldwide “All- risks” insurance basis. There are no country restrictions and you can make unlimited trips abroad as long as no one trip exceeds 60 days in duration.

We will cover your ring against loss or damage but there will be some restrictions in cover if you choose not to wear it. These are explained in our policy document and we are happy to discuss these to you over the telephone if required. In essence though, if you are wearing the ring and it is lost, stolen or damaged, you will be insured.

Should I insure my wedding ring? icon-thin-chevron-down

The choice to insure a wedding ring is entirely a personal one and is often based on the value of the ring itself. A policy will cover your item against accidental loss or damage. One popular way of insuring a wedding ring with Assetsure, is to insure both partners rings at the same time. We often find that customers who have insured an engagement ring with us, come back at a later date to add on the wedding bands as well.

What is my ring worth? icon-thin-chevron-down

A ring that has been given and received at the time of engagement is often viewed as being priceless, the sentiment attached to the item cannot be replaced by any insurance policy.

However, if you do unfortunately lose or damage the item it’s important to have an accurate valuation to enable an insurer to replace the item for you.

Valuations are normally supplied with new rings but you should seek an update at least once every couple of years.

Assetsure have extensive contacts within the Jewellery trade and if you require an updated valuation, please contact us as we may be able to point you in the right direction.

I lost my engagement ring, will insurance cover it? icon-thin-chevron-down

That very much depends on the type of insurance you have and you should check your policy wording or contact either your insurer or the company that arranged the insurance on your behalf.

Not all policies cover accidental loss, normally under a home insurance policy you would have had to have extended cover to include loss.

A policy arranged by Assetsure is written on an “All- risks “basis which means that subject to the policy terms and conditions loss is covered.

It goes without saying that you cannot obtain insurance for an engagement ring if it has already been lost.

How will you settle my claim? icon-thin-chevron-down

The most we will pay in total for each incident of Loss is the Amount insured which you choose when you take your policy out. Please make sure this to sufficient replace your item at UK retail prices.

How do I prove what my item is worth if I need to make a claim? icon-thin-chevron-down

In the event of any claim being made for Loss of or Damage to any insured item, the onus of proving the existence, ownership and value of the item shall be upon you to prove. We accept the following items as proof of existence and Ownership;

For Items less than 5 years old
A personalised and dated purchase receipt or bill of sale detailing the insured item.
A debit or credit card or bank statement detailing the amount paid.
If a private sale, dated correspondence relating to the sale such as a letter or e-mail identifying the seller of the item.

For Items more than 5 years old
Any of the above items.
Photographic or other dated documentary evidence such as a personalised valuation or service receipt.
A valuation with full description of the item from a United Kingdom based Jeweller or Valuer stating their contact details and business credentials.

Who will I be insured by? icon-thin-chevron-down

The Assetsure Insurance policy is underwritten at Lloyd’s of London